>> china is one of the many pillars of governor romney's plan is to call china a currency manipulator. >> does that bother you in terms of raising the specter? >> no, there are many bright people on both sides of this but it doesn't and it doesn't for the very reason that it is, one, it is absolutely not in china's interest to have a trade war. it's not in their interest economically and it's not in their interest politically. remember these are, and this is where we get into geopolitical strategizing which is out of my realm of expertise for sure but this is holding on to power for a group of very few is a very important element. >> now you sound like you could be talking about the federal reserve in both cases. is ben bernanke a currency manipulator? >> that's grist for a broader conversation. >> we can't trash them if we're doing the same here. >> is ben bernanke sitting in his office attempting to manipulate the currency, no. in my judgment. but is the fed's dual mandate which requires the task of full employment by a central bank is that a proper thing for the central bank, not i